CoreLogic report: Home prices increase for second consecutive month

Home prices in the U.S. increased by 0.8 percent in May 2011 compared with April 2011, according to CoreLogic. This is the second consecutive month-over-month increase.

June 30, 2011

Mary Beth Nevulis, HousingZone Contributing Editor

Home prices in the U.S. increased by 0.8 percent in May 2011 compared with April 2011, according to CoreLogic. This is the second consecutive month-over-month increase. On a year-over-year basis, home prices declined by 7.4 percent in May 2011 compared with May 2010.

Including distressed sales, the five states with the highest appreciation were: New York (+4.4 percent), Vermont (+3.9 percent), North Dakota (+3.8 percent), Hawaii (+2.5 percent) and the District of Columbia (+0.5 percent).

Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+10.1 percent), Hawaii (+9.0 percent), North Dakota (+8.6 percent), Vermont (+6.3 percent) and New York (+6.1 percent).

Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to May 2011) was -32.7 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.2 percent.